Cape Plc awarded contracts valued at over US$30 mln for Yanbu National Petrochemical Company

20-Dec-06

Support services provider Cape PLC has been awarded contracts exceeding US$30 mln for works on the Yanbu National Petrochemical Company Olefins 1 Complex in Saudi Arabia, that comprises 6 plants. Cape has won the contracts from Saudi Archirodon Ltd, Technip Saudi Arabia and IREM Joint Venture, and Sinopec of China. The complex is being built for the Saudi Arabian Basic Industries Company in the second industrial city of Yanbu on the Saudi west coast.